The Indian Economy Blog

Archive for November, 2007

Crumbs Versus Pittance

Friday, November 30th, 2007

While as an army Jawan fighting militants in Kashmir gets a monthly pay packet of Rs 14,000 and host of other benefits including allowances in the form of disturbed area allowance his counterpart in the CRPF draws a meager pay of Rs 7,500

Ask And Ye Shall Receive…

Tuesday, November 27th, 2007

An answer, that is. Discovered two very cool sites. – Dr Econ from the the Federal Reserve Bank of San Fransico (one of the regional Feds that makes up the Federal Reserve in the US) and – Personal Financial Education from the Fed system as well. Q) Are there any sites like this in India? [...]

A Japanese Model for Indian IT Companies

Monday, November 26th, 2007

…to counter the rising rupee. Professor Kaushik Basu of the Cornell University believes that the rise of the rupee against the dollar is inevitable in the mid-term. He also believes that the sudden collapse of the dollar is unlikely but there is not much that India can do to alter the current dynamics of exchange [...]

Indo-Russian Relations Not “Special”… They Never Were

Sunday, November 25th, 2007

Demolishing the myth of “historical ties” and “strategic partnership that has stood the test of time”. Noted defence analyst Ajai Shukla, in his column for the Business Standard (reproduced on his blog Broadsword ), has highlighted the changing paradigm of the Indo-Russian relationship. He also suggests that India has been unable to come to terms [...]

Admin: And we’re back

Thursday, November 22nd, 2007

The site has been moved to the new server, and comments are once again open on all entries. If you spot any weirdness, please send an email to

The Sugarcane Mess

Saturday, November 17th, 2007

The situation with the sugar industry has gotten more bizarre, with the Allahabad HC stepping in and mandating that the mills buy sugarcane at Rs. 110 per kilo and start processing. While on first thought, it seems quite funny that the high court is getting into matters it shouldn’t get into, such as fixing of [...]

Jammu & Kashmir: the readymade SEZ

Thursday, November 15th, 2007

One of the criticisms leveled against India’s SEZ policy is that the zones are too small to make a real difference. But there’s a very big zone that could be an SEZ, especially if the state’s politicians—who are all for ‘autonomy’—decided economic freedom is something that is well in their capacity to achieve. And set [...]

A Small Step for Property Rights

Tuesday, November 13th, 2007

We have been lamenting quite a bit about how Indian laws do not protect property rights. The reality has been worse than that. The Indian government does not even record property ownership properly. Unclear land titles have been the bane of India’s property market. Now it turns out that a small step towards recording land [...]

Happy Diwali To All!

Saturday, November 10th, 2007

And, where it’s relevant, Happy New Year as well! Many thanks to long-time IEB friend, Manish Vij for the photo.

On Tehelka’s Dissing Of Vibrant Gujarat

Thursday, November 8th, 2007

In a series of seven short posts over at The Acorn I show how Tehelka juggled facts and figures in order to poke holes into the “Vibrant Gujarat” story. I’m posting the concluding piece of the series here, to summarise where we are at the end of our examination of Shivam Vij’s article. There is [...]

Pakistan – Emergency & Economy

Sunday, November 4th, 2007

While declaring the emergency on 3 November, the Pakistani President Pervez Musharraf lamented – I am observing that Capital and Business that was flowing into the country is now stopped – they are now questioning whether to invest here or not Pakistan will remain stable. Our economy, the livelihood of our nation which improved over [...]

Expensive Real Estate

Friday, November 2nd, 2007

Tim Harford poses a question, perhaps we can answer it? Just wanted to ask if there is an economic explanation for the fact that real estate in cities in third world countries like India is often more expensive than in cities in the US. (Except for New York,and a few cities in California.) I did [...]

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